The basic infant industry argument maintains that: the cost of a new activity is initially high; it does not pay any individual to enter an infant industry at free trade prices; if developed, the industry will permit a reasonable return on initial losses; and a temporary period of protection is required. This paper has attempted two things: to develop an empirical test for the validity of the infant industry argument and to use that test on Turkish...
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1982/12/31
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Artigo de revista
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REP284
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1
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1
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2010/07/01
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An empirical test of the infant industry argument
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rate of growth of output
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